Hedge Fund is a direct private capital provider for commercial real estate assets. We fund debt and/or equity structured transactions for unique or difficult situations. We have the ability to directly fund transactions, or based upon the nature of the project, utilize one of our partner hedge funds or capital providers. This provides flexibility for you, and allows us to always evaluate each deal individually and provide the best rate/terms available. We do not charge upfront fees. We will review and pre-underwrite any transaction at no charge, and provide you with an initial Term Sheet for your review. Listed below are some of our loan and funding product guidelines: Types of Funding Programs Available:

Hard Money / Bridge Loans ($1MM - $200MM) CMBS & Pre-CMBS Loans ($2MM+) Distressed Asset Loans (NPN, REO, DIP, etc.) Structured Products & Equity ($3MM+) 144A Bond Securitization ($10MM - $2B+) EB-5 Financing Sale/Leaseback; Trade Finance; Debt & Equity Capital

Here is a list of the types of properties and commercial assets that we will finance:

Eligible Property Types: Other Assets: Multifamily Anchored Retail Shopping Centers Strip Shopping Centers Mixed Use Office Medical Office Residential Condo Complex /

Rehab & Conversion Student Housing Warehouses / Distribution / Flex Industrial & Technology Hotel / Motel / Resort / Extend-stay Parking Garage & Surface lots Self Storage Mobile Home Parks *Special Use Properties

Performing & Non-Performing Notes

Bulk REO (Residential & Commercial)

Debtor-In-Possession (DIP) Condo Unit Inventory Loans Energy Related Projects (Wind,

Solar, Hydro-electric, etc.) Construction/Development Sale/Leaseback Arrangements Trade Finance (Accounts payable;

invoice factoring; delivery contracts) *Special Use: Restaurant/Bar, Car

Wash, Gas Station, Church, Marina, Auto Repair, Entertainment, etc.)

SBA 7a & 504 programs

Commercial Loan Products

These terms and conditions are subject to change without notice, and does not impose any obligation on the Lender to make a loan.

Commercial loan terms can vary depending upon the type of project and overall risk associated with the borrower. Here are our general guidelines and terms:

Guidelines: Commercial Properties Other Assets Minimum Loan Amount $1,000,000

($10,000,000 International) ($2,000,000 Bridge loans)

$1,000,000 ($2,000,000 NPN, REO)

Maximum Loan Amount $200,000,000 ($50,000,000 Bridge)

Unlimited – No Cap

Maximum LTV 75% - Bridge (80% multifamily) 75% - CMBS(80% multifamily) 100% - 144A; Structured Equity

75% (higher under certain conditions)

90% - SBA

Purpose Purchase Refinance Structured Products / Equity

Acquisition Special transactions

Lien Position First only First only Timing Term Sheet – 48 hours

Closing – 2 weeks (Bridge) 30-60 Days (Conventional) 90-120 Days (144A/Structured) *Estimates only

Term Sheet – 48 hours Closing – 2 weeks 30-60 Days (Conventional)

Term 1-5 years (Bridge) 5-25 years (Conventional)

1-5 years (Bridge) 5-25 years (Conventional)

Location US; International Tier I & Tier II markets

US only (NPN, REO) International (Some limits) Min 250k MSA area

Interest Rates 4.75% - 6.50% (Conventional) 4.75% - 6.75% (CMBS) 6.00% up (Bridge) 6.75% - 9.00% (Construction)

Starts at 6.00% for most assets

Origination Fees 2-3 points 3-5 points (Bridge) 5-7 points (144A)

2-6 points dependant on loan size and product type

Amortization Interest only (Bridge) Up to 30-year (CMBS; Conv; 144A)

Varies

Recourse Non-recourse & Recourse Non-recourse & Recourse Exit Fee None None Extensions Yes Yes Extension Fee 1/2 - 1 point 1/2 - 1 point Borrower Entity Special Purpose Entity

(SPE) Special Purpose Entity (SPE)

Minimum DCSR None (Bridge) Low as 1.00 (other programs)

Varies

Minimum Credit Score N/A BK; Credit problems okay

N/A